Prevailing Wage

The Labor Law requires public work contractors and subcontractors to pay laborers, workers, or mechanics employed in the performance of a public work contract not less than prevailing rate of wage and supplement (fringe benefits) in the locality where the work is performed.

Tenant and lease agreements to comply with the prevailing wage requirements of Section 220 of the Labor Law in connection with any Alteration, including, but not limited to the building, land, parking lot, and other portions of the premises.